Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
At Intel, a filing with the SEC revealed that on Wednesday, CEO Robert Holmes Swan bought 8,021 shares of INTC, for a cost of $44.96 each, for a total investment of $360,624. Bargain hunters are able to grab INTC even cheaper than Swan did, with the stock changing hands as low as $43.78 at last check today -- that's 2.6% under Swan's purchase price. Intel Corp is trading down about 0.3% on the day Friday. Before this latest buy, Swan made one other purchase in the past year, buying $401,050 shares at a cost of $50.00 a piece.
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